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UK Indexes Rebound 0.9%; Weaker Employment Outlook

Arthi Gupta
15 Aug, 2011
New York City

The UK indexes gained nearly 1% on the first day of trading after a week of wild swings. Home prices in the UK fell for the second month in a row in August. Spectris agreed to acquire U.S.-based Omega Engineering for

Google to Buy Motorola Mobility for $12.5 Billion, Time Warner in $3 B Deal

Arthi Gupta
15 Aug, 2011
New York City

U.S. indexes rose after Japanese economy contracted much less than estimated. Google agreed to acquire Motorola Mobility in $12.5 billion deal. Time Warner Cable agreed to buy Insight for $3 billion. National Oilwell Varco signed $1.5 billion deal with Brazil-based Estaleiro Atlantico Sul.

Nikkei Advances 1.4% on 0.3% Decline in GDP

Nigel Thomas
15 Aug, 2011
New York City

Stocks in Japan surged the most in six weeks after the government said the economy shrank at a slower pace than expected in the latest quarter. Exporters and auto makers gained after finance ministry indicated more steps to weaken the yen.

German Factory Employment Rises; Hungarian Construction Slumps

Arthi Gupta
15 Aug, 2011
New York City

German factory employment climbed but Swedish industrial output fell in June. Denmark factory prices rose, Czech producer price inflation eased, and Swiss producer and import price index declined in July.

Italy Proposes

Arthi Gupta
15 Aug, 2011
New York City

European indexes edged higher after a tumultuous last week on optimism of global economic recovery. The Italian cabinet approved

Australian Index Soar 2.6%; Newcrest Net Jumps 63%

Marcus Jacob
15 Aug, 2011
New York City

The benchmark indexes in Australia soared 2.6% after investors snapped up resources linked companies. Newcrest Mining reported a sharp jump in net income and guided 12% higher earnings per share in the current fiscal year.

Advance Auto Parts Q2 Earnings Call Transcript

123jump.com Staff
15 Aug, 2011
New York City

The automotive aftermarket parts retailer total quarterly sales increased 4.4% to $1.48 billion on comparable store sales gain of 2.5%. Net income rose 12% to $113.1 million in the quarter. Earnings per share grew to $1.46 from $1.16 per share a year-ago quarter.

U.S. Indexes Higher After a Wild Week

Bikram Pandey
12 Aug, 2011
New York City

The U.S. indexes jumped higher for the second day in a row after a turbulent week that saw indexes bounce up and down over 4%. For the week, the S&P 500 index fell 1.7%, declined 9% in the month and dropped 6% in the year so far.

U.S. Movers: DeVry, J. C. Penney, Molycorp, Nordstrom, Nvidia, Progressive

Mukesh Buch
12 Aug, 2011
New York City

DeVry fourth quarter net income increased 5% to $75.2 million. J. C. Penney reported second quarter net income flat to $14 million. Nordstrom second quarter net income increased 20% to $175 million. Nvidia second quarter net income rose to $151.6 million.

UK Limps Back to Normalcy; Construction Output Grows 2.3%

Arthi Gupta
12 Aug, 2011
New York City

The UK indexes rose led by banks. Normality returned in the UK after four days of arson and looting. France, Italy, Spain and Belgium banned short-selling of financial stocks. The UK construction output grew 2.3% in the second quarter, more than the initial estimate.

U.S. Stocks Rise on Retail Sales Data; France, Japan GDP Weak

Arthi Gupta
12 Aug, 2011
New York City

U.S. indexes gained after retail sales rose 0.5% in July. France, Italy, Spain and Belgium banned short-selling of financial stocks. The French economy recorded zero growth in the second quarter. The EU/IMF approved

Japan Lowers Economic Outlook; Banks, Autos Down

Nigel Thomas
12 Aug, 2011
New York City

Stocks in Japan fell and the Nikkei index dropped 3.6% after a volatile week of trading. The government lowered its economic outlook in the current year to 0.5% from 1.5% on the persistent supply chain and production problems after the earthquake and power shortage. Banks are down 20% in the year.

Euro Area Output Decelerates; French Economy Stagnates

Arthi Gupta
12 Aug, 2011
New York City

Euro area industrial output decelerated in June. French economy remained flat but payroll employment rose in the second quarter. Spain inflation slowed to 3.1% in July. Hungary industrial output slowed and Italian deficit narrowed in June.

Europeans Ban Short Selling; Bauer, ThyssenKrupp Net Fall

Arthi Gupta
12 Aug, 2011
New York City

European indexes traded higher after France, Italy, Spain and Belgium banned short-selling of financial stocks. The French economy recorded zero growth in the second quarter prompting worries of credit rating. ThyssenKrupp quarterly net declined 22%.

Australian Index in Weekly 1.6% Gain, Dollar Eases

Marcus Jacob
12 Aug, 2011
New York City

Australian stocks traded higher and after a week of volatile trading closed up 1.6%. The benchmark index is down 12% in the year so far and 16% lower from its peak in April. The index inched near 5,000 in April of 2010 and 2011 but failed to reach the psychologically important milestone.

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